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Fly News Breaks for February 8, 2017
KFRC
Feb 8, 2017 | 07:42 EDT
As previously reported, Avondale upgraded Kforce to Outperform from Market Perform and raised its price target to $27 from $26. Analyst Randle Reece said Kforce reported solid Q4 results and his above-consensus estimates remain intact with a promising 1H 2017 outlook. Reece is optimistic on favorable/supply demand and potential strictures on supply of foreign IT talent and expects EBITDA of 10% CAGR over the next two years.
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